CNH finalizes purchase of Hemisphere GNSS

CNH Industrial has completed its purchase of Hemisphere GNSS, global satellite navigation technology provider, for a total consideration of $175 million.

The acquisition, announced in March, will consolidate CNH’s in-house precision, automation and autonomy technology, the company said.

“Bringing Hemisphere’s talent and resources into CNH reflects the energy and momentum of our investments in tech innovation,” said Marc Kermisch, chief digital & information officer at CNH. “From 2024 onwards, we will bring notable value to customers through significant advancements in our journey from automating certain tasks to fully autonomous operation.”

Hemisphere’s expertise and network will assist with CNH’s strategy to attain leadership in automation technology, expedite the delivery of a full autonomous farming cycle and extend automation and autonomy across a broad range of agriculture and construction applications.